ING Deutschland Enables Crypto Purchases via Bank Accounts
- Customers can now buy crypto products tracking bitcoin at $78,554.25, ether at $2,319.89, and solana at $103.95 directly from their bank-linked securities accounts.
- These crypto ETFs provide an easy on-ramp for investors, eliminating the need for wallets or keys.
- Germany’s retail crypto adoption is projected to reach 9% by a specified year, compared to the U.S.’s rate of 12%.
- Martijn Rozemuller, CEO of VanEck Europe, emphasized that this partnership offers low-threshold access to crypto investments.
- Crypto products will receive the same tax breaks as direct ownership in Germany—gains held over a year are exempt from capital gains tax.
The introduction of these crypto products reflects a significant shift towards mainstream acceptance of digital assets in Germany’s banking system, catering to growing investor demand while simplifying access to cryptocurrencies.
With retail crypto adoption expected to hit around 9%, ING Deutschland’s initiative allows customers to invest in bitcoin, ether, and solana seamlessly through their existing accounts.(Source)
